★ Company Profile
Nifty Island is a blockchain gaming and Web3 platform company, full name Nyft Studio, Inc., founded in 2021 and headquarteredAustin, Texas, USA, Nifty Island is positioned as an open social game and virtual world platform, supporting players to create islands, participate in games, trade non-fungible tokens (NFTs, unique digital assets based on blockchain) and earn rewards through blockchain technology (Web3), creating a community-driven "Nyftverse" ecosystem.
★ Regulatory Information
Nifty Island does not explicitly disclose financial license numbers that are directly regulated by or held by specific financial regulatory authorities.
★ Trading Products
Nifty Island offers the following blockchain-based trading products:
NFT trading: Supports players in creating and trading in-game NFTs, including virtual island decorations, 3D models, game assets, and AI agents (such as Luna and AgentYP), based on the Ethereum blockchain in 2023, and transactions are executed through the platform marketplace or OpenSea. In May 2025, the "Legendary Palms" NFT collection floor price was 0.1010 ETH (approximately $270.85), and the market capitalization was 0.6060 ETH (approximately $1,630).
Cryptocurrency trading: Support ISLAND token (launched on January 17, 2024, maximum supply of 1 billion), and trade on decentralized exchanges (DEXs) such as PancakeSwap in 2023 (trading pair ISLAND/USDC) for rewards, staking, and unlocking game features.
In-Game Assets: In 2023, "Blooms" in-game currency is supported, earned by completing challenges, games, or hosting activities, which can be exchanged for ISLAND tokens or used to purchase NFTs on the marketplace.
Staking Rewards: In 2023, ISLAND token staking will be supported to unlock larger islands, faster yields, or exclusive content, and staking rewards are determined by player participation. As of May 2025, the platform reported a 24-hour trading volume of 0.7769 ETH (approximately $2,080), with an undisclosed total trading volume or token market capitalization. The trading products do not involve forex, CFDs, or other traditional financial assets, and are limited to NFTs and cryptocurrencies. In 2023, the platform enhances NFT interactivity through AI agents like VaderAI, attracting Web3 players.
★ Trading software
Nifty Island offers a web-based gaming platform (accessed through the official website in 2023), supporting NFT trading, island creation, and social gaming, with Windows and Mac clients launched in 2023 with undisclosed mobile app plans. The platform needs to be connected to crypto wallets such as MetaMask or WalletConnect, and the functions include:
NFT market: In 2023, it supports NFT minting, buying and selling, real-time auctions, and 3D displays, integrating the Ethereum blockchain, and in 2023, an AI agent drag-and-drop function will be added, allowing players to deploy interactive characters.
Island Creation Tool: Provides a no-code editor in 2023, allowing players to customize virtual islands, add NFTs, AI agents, or game elements, and supports user-generated content (UGC) in 2023.
Social Gaming Hub: Supporting multiplayer, challenges, and community events in 2023, players can earn rewards through "Blooms," with ISLAND token swaps launched in January 2024.
Governance Voting: In 2023, ISLAND token holders voted through Snapshots to decide platform functions or reward distribution, and the first community vote was approved in December 2023. The interface is mainly in English, and in 2023, the user experience will be optimized, and AI agent interaction and real-time price charts will be added. In 2023, the platform will open source part of the code through GitHub (an undisclosed specific repository) to support developers in creating game mods. In May 2025, the "Legendary Palms" NFT collection was owned by 828 holders, reflecting an active community.
★ Deposit and Withdrawal
MethodsNifty Island supports blockchain-based deposit and withdrawal methods:
cryptocurrency deposits: Users deposit ETH, USDC, or ISLAND tokens into their wallets through the Ethereum blockchain and need to pay gas fees (Ethereum transaction fees, depending on network congestion), and the minimum deposit amount in 2023 is not limited.
NFT trading: Deposit or withdraw NFTs through the platform market or OpenSea, support batch minting and auction in 2023, and the floor price of "Legendary Palms" in May 2025 is 0.1010 ETH (approximately $270.85).
In-Game Rewards: Earn "Blooms" by completing challenges or activities in 2023, which can be exchanged for ISLAND tokens, and support on-chain withdrawals from January 2024, with fees determined by Ethereum EL.
Fiat Currency Payment: In 2023, Stripe supports USD payment platform service fees (such as custom islands or NFT development), requiring KYC verification, and the processing time is usually 1-3 business days. In 2023, the platform claimed that NFT transactions charge a standard fee of 2.5% (consistent with OpenSea), and the minting fee is borne by the project party or users. Deposits and withdrawals require a connection to a crypto wallet, and NGRAVE ensures transaction transparency through decentralized protocols. In 2023, EU and US orders are exempt from import duties (order amounts below $800), depending on local customs policies.
★ Customer Support and Empowerment Nifty
Island provides customer support through community
support: In 2023, answered questions about NFT trading, island creation, and gaming through Discord (active in 2023), Twitter (@Nifty_Island, active in 2023), and LinkedIn (697 followers, 2023), and in June 2025, user feedback said that the community responded quickly.
Documentation Center: In 2023, user guides will be provided through the official website, covering NFT minting, island editing, ISLAND token staking, and AI agent deployment, with updated tutorials in 2023.
Exclusive support: In 2023, customized support will be provided to brand customers (such as NFT project parties) to assist in game development and community management, but specific customers will not be disclosed in 2023.
Developer support: In 2023, API documentation will be provided through Discord and GitHub (specific repositories not disclosed) to assist developers in creating game mods or AI agents, and AI framework tutorials will be released in December 2023. Support is primarily in English, with no disclosed 24/7 service or multilingual support. In 2023, Twitter feedback showed that users were satisfied with the AI agent function, and some users reported that technical support was required for initial NFT minting (December 2023). In June 2025, a post on the X platform praised the platform's integration of open worlds and creator rewards (@cryptosloth_nft, June 5, 2025), reflecting the active community.
★ Core Business and Services
Nifty Island's core business is a blockchain-driven social game and NFT platform, creating a "Nyftverse" ecosystem, and its main services include:
NFT Marketplace: In 2023, players will be supported to mint, buy, sell, and auction in-game NFTs (such as virtual decorations, 3D models, AI agents), covering the Ethereum blockchain, and in 2023, the "Legendary Palms" NFT collection will be launched, owned by 828 holders in May 2025.
Island Creation: In 2023, it offers no-code tools that allow players to create custom islands for free, adding NFTs, AI agents, or game elements, and in 2023, removing land scarcity (islands are free for each user) to enhance accessibility.
Social Gaming: Multiplayer, challenges, and community events will be supported in 2023, and players can earn "Blooms" by completing tasks or hosting activities, which can be exchanged for ISLAND tokens, and the token economy will be launched in January 2024.
AI Agent Integration: Launched in December 2023, the AI agent feature allows players to drag and drop interactive characters (such as Luna, AgentYP), support on-chain transactions and in-game behavior, and add a custom AI agent framework in 2023.
Decentralized governance: In 2023, players were given decision-making power (such as reward distribution and game updates) through ISLAND tokens and Snapshot voting, which was approved by the first community vote in December 2023. Service objects include retail users (gamers, NFT collectors), institutions (NFT project parties, game developers), and high-net-worth individuals (Web3 investors). The operating model generates revenue through NFT transaction fees (2.5%), ISLAND tokenomics, and brand customization services. In 2023, the platform ranked high in the Web3 gaming field (DappRadar did not disclose the specific ranking).
★ Technology Foundation
Nifty Island's technology infrastructure is based on blockchain and cloud:
blockchain protocol: In 2023, it will be mainly based on Ethereum (ERC-721, ERC-20 standards), supporting NFT minting, trading, and ISLAND token management, and in 2023, Polygon and BNB Chain will be integrated to reduce gas fees.
Game platform: In 2023, the game world and NFT market will be hosted through cloud servers (Amazon Web Services, AWS), Google Cloud will be integrated to support data processing, and the island loading speed will be optimized in 2023.
Smart Contracts: In 2023, Ethereum smart contracts were used to execute NFT transactions, token staking, and AI agent interactions, with internal audits ensuring security and no third-party audits (such as OpenZeppelin) being disclosed.
AI framework: In December 2023, the AI agent framework was launched, supporting drag-and-drop interactive characters, integrating on-chain transactions and behavioral logic, and supporting agents such as Luna and AgentYP in 2023.
Data security: In 2023, SSL/TLS encrypted communication will be adopted, KYC data storage will comply with CCPA and GDPR, transaction records will be stored on-chain, and the platform will protect assets through multi-signature wallets (requiring multiple authorizations to enhance security). In 2023, the platform stores game assets through AWS S3 and optimizes data indexing with Google Cloud. No hacking incidents or technical vulnerabilities were reported in 2023, and smart contracts ensure transparency through decentralized protocols.
★ Compliance and Risk Control System
Nifty Island's compliance and risk control system is based on KYC/AML and blockchain transparency:
KYC/AML: In 2023, third-party services such as Sumsub will verify the identity of users participating in NFT transactions or ISLAND token staking, submit passports or government IDs, and comply with international anti-money laundering standards and CCPA, KYC data is stored in an off-chain encrypted database.
Transaction Monitoring: In 2023, NFT and ISLAND token transactions are recorded through the Ethereum blockchain, detecting abnormal activities (such as wash transactions, inflating prices through fake transactions) in real time to reduce fraud risks.
Smart Contract Security: Internal audit of smart contracts in 2023, AI agent framework passed testing in December 2023, no third-party audits (such as OpenZeppelin) were disclosed, and vulnerabilities were not reported.
Data Protection: User data in 2023 is encrypted and stored in compliance with CCPA and GDPR, with AWS S3 and Google Cloud ensuring data integrity without disclosing data breaches. In 2023, the U.S. SEC emphasized compliance with securities regulations for NFT markets (such as Impact Theory, August 2023), and some NFTs may be considered investment contracts, with no violations reported by Nifty Island. Decentralized governance (Snapshot voting) enhances community oversight and reduces operational risks. KYC verification may cause delays in initial transactions, with user feedback (Twitter) in 2023 showing that verification takes 1-2 days.
★ Market Positioning and Competitive Advantage
Nifty Island is positioned as a Web3 social gaming and NFT platform, serving gamers, NFT collectors, and creators. Its competitive advantages include:
Free Islands: Removing land scarcity in 2023, getting customizable islands for free per user, lowering the barrier to entry, and outperforming Decentraland (land NFT prices are high).
AI Agent Innovation: In December 2023, interactive AI agents (such as Luna and AgentYP) were launched, supporting on-chain transactions and in-game behavior, distinguishing them from traditional NFT marketplaces (such as OpenSea).
Multi-chain support: Integrate Ethereum, Polygon, and BNB Chain in 2023 to reduce gas fees, and transaction costs are lower than OpenSea in 2023 (specific fees are not disclosed).
Community-Driven: Given governance rights to players through ISLAND token staking and Snapshot voting in 2023, and first voted in December 2023 to enhance user participation. Compared to Dapper Labs (NBA Top Shot, sports NFT), The Sandbox (metaverse game), or Sorare (sports NFT game), Nifty Island has differentiated advantages in terms of free accessibility and AI interaction, but its market size is smaller, and its trading volume in 2023 is not disclosed. In June 2025, users on the X platform praised its integration of open world and creator rewards (@cryptosloth_nft, June 5, 2025).
★ Social Responsibility and ESG
Nifty Island's social responsibility focuses on digital economy empowerment and community engagement:
digital inclusion: In 2023, the barrier to entry for Web3 will be lowered through free islands and low-cost transactions (Polygon, BNB Chain) to support players and creators around the world.
Community Governance: Given decision-making power to players through ISLAND tokens and Snapshot voting in 2023, and first voted in December 2023 to enhance the decentralized ecosystem.
Technical transparency: In 2023, NFT and token transactions will be recorded through the Ethereum blockchain to ensure transparent ownership, and some code will be open-sourced in 2023 (undisclosed GitHub repository). Specific environmental and social governance (ESG) initiatives, such as carbon emission data or public welfare projects, were not disclosed. In 2023, Polygon and Ethereum's PoS (proof-of-stake) mechanism reduced energy consumption and indirectly reduced the environmental impact of transactions, without disclosing specific energy data. No public welfare projects or diversity initiatives were reported in 2023, and NFT airdrops and community events indirectly support the creator economy.
★ Financial Health
Nifty Island's financial data are as follows:
November 30, 2021: The seed round of financing is $2000, with investors including Arrington Capital, Binance Labs, CMT Digital, Collab+Currency, Distributed Global, Hashed, Solana Foundation, Alameda Research Ventures and other 12 institutions.
2022: Follow-up financing, the amount is not disclosed, speculated to be used for AI agent development, ISLAND token launch and multi-chain integration.
2023: Revenue mainly comes from NFT transaction fees (2.5%), ISLAND tokenomics (staking rewards, feature unlocks), and brand customization services, the exact amount of which is not disclosed.
May 2025: The "Legendary Palms" NFT collective market capitalized 0.6060 ETH (approximately $1,630), with a 24-hour trading volume of 0.7769 ETH (approximately $2,080), reflecting low liquidity. As of June 2025, the company has no debt record, supported operations with $20 million in financing in 2023, and LinkedIn (697 followers, 2023) reported active business. The contraction of the NFT market in 2023 (95% of NFT collection values return to zero and industry TVL declines) may affect revenue, and Nifty Island diversifies risks through free islands, AI agent innovation, and multi-chain support (Solana, Ronin plans). Balance sheet, earnings or specific income were not disclosed, and new financing plans were not reported in 2023.
★ Future Roadmap
Nifty Island has not disclosed detailed future roadmaps, based on 2023 and 2024 activities, and the following are known plans:
Chain Integration: Solana support will be added in 2024, Ronin (Ethereum sidechain) will be integrated in 2024, and Ethereum, Polygon, and BNB Chain will be integrated in 2023, aiming to reduce transaction costs.
AI Agent Expansion: The AI framework was launched in December 2023, with plans to enhance custom AI agent functions (such as more complex on-chain behaviors and game tasks) in 2024, and support for Luna and AgentYP in 2023.
Tokenomics optimization: The ISLAND token will be launched in January 2024, with plans to increase token use cases (such as cross-chain staking and in-game payments) in 2024, and governance voting will be supported in 2023.
Game Content Growth: Support for user-generated content (UGC) in 2023, more multiplayer modes and challenges planned for 2024, and a "Blooms" reward system launched in 2023.
Market Expansion: Focus on North America and Asia in 2023, plan to deepen Europe and South America in 2024, and attract new users through Solana and Ronin integration in 2023. The specific implementation may be affected by NFT market fluctuations, blockchain technology developments, or regulatory changes, and new financing plans or specific targets (such as user growth or revenue) for 2023 or 2024 have not been disclosed. In 2023, Nifty Island announced via Twitter (@Nifty_Island, December 2023) that it would continue to invest in AI and Web3 game innovation, confirming the launch of the ISLAND token in January 2024 without providing a detailed timeline.
★ strategic cooperation ecosystem
Nifty Island has partnered with the following institutions:
OpenSea: Integrate OpenSea API in 2023 to support NFT market transactions, optimize liquidity in 2023, and "Legendary Palms" trading volume of 0.7769 ETH in May 2025.
MetaMask: Support MetaMask wallet connection in 2023, and optimize AI agent on-chain transactions in December 2023.
PancakeSwap: Supports ISLAND token trading (ISLAND/USDC) in 2023 and will be launched in January 2024 to provide liquidity.
Binance Labs: Participated in the seed round of financing on November 30, 2021, provided strategic support in 2023, and raised $20 million on November 30, 2021.
Arrington Capital、CMT Digital、Collab+Currency、Distributed Global、Hashed、Solana Foundation、Alameda Research Ventures: Seed round in 2021 and follow-up financing in 2022, support for marketing in 2023, specific amount not disclosed.
Alchemy: Launched through the Alchemy Dapp Store in December 2023 (NFT Tools category), the scale of the cooperation was not disclosed in 2023.
Ronin: Plans to integrate the Ronin chain (Ethereum sidechain) in 2024, with no specific progress disclosed in 2023. In 2023, Nifty Island collaborated with NFT project parties (such as undisclosed Web3 brands) to develop customized content, without disclosing a specific list. No direct cooperation with traditional financial institutions (such as banks) or large centralized exchanges (such as Coinbase) is reported, and the strategy focuses on the Web3 ecosystem and blockchain games.
